Ouch. As you enjoy your Fourth of July barbecue, it is hard to forget that this probably was one of the more expensive ones. According to a new analysis from the American Farm Bureau Federation (AFBF), families are paying 15 percent more for … [Continue reading] about Bidenomics: Fourth of July cookout 15% more expensive under Biden than Trump
Tit for tat? US retaliates to Chinese export ban by proposing restricted access to Amazon, Microsoft cloud services
Is the U.S. government retaliating against China's export ban on rare earth metals? According to The Wall Street Journal, the White House is considering a plan to restrict China's access to cloud-computing services offered by Amazon and … [Continue reading] about Tit for tat? US retaliates to Chinese export ban by proposing restricted access to Amazon, Microsoft cloud services
China to issue export controls on metals critical for chips found in electric vehicles, solar panels
Will President Joe Biden and the other eco zealots declare war on China? After the latest announcement from Beijing, it would not be surprising. The Ministry of Commerce issued a statement on July 2, announcing export controls on two rare earth … [Continue reading] about China to issue export controls on metals critical for chips found in electric vehicles, solar panels
US manufacturing recession worsens as S&P Global, ISM PMIs further contract in June
The U.S. manufacturing recession is deepening, despite Bidenomics showing hundreds of billions of taxpayer dollars on the industry. The latest data to kick off the holiday-shortened trading week definitely turned some heads. But many experts … [Continue reading] about US manufacturing recession worsens as S&P Global, ISM PMIs further contract in June
Federal Reserve’s preferred inflation gauge remains stubborn at 4.6% in May
Headline inflation comes down, but the Federal Reserve's preferred inflation gauge is struggling to decline. The personal consumption expenditure (PCE) price index eased to 3.8 percent year-over-year in May, down from 4.3 percent in April. PCE … [Continue reading] about Federal Reserve’s preferred inflation gauge remains stubborn at 4.6% in May